Hagatna-Guam – September 15, 2014 – Tokio Marine Pacific Insurance Limited, (TMPI), a Guam domestic Insurance Company and a member of the Tokio Marine Holdings Group, was reaffirmed the rate of A+ by AM Best.
TMPI is the underwriter of the Calvo’s SelectCare Health Plan through its general agent Calvo’s Insurance Underwriters, Inc., and also offers Property and Casualty insurance through its General Agents Nanbo Guam, Ltd. on Guam and Pacifica Insurance Underwriters, Inc. in the Commonwealth of the Northern Mariana Islands.
“We are extremely pleased that our company, TMPI, has been rated A+ by AM Best” says Mr. Hank Endo, CEO, “This reaffirms the strength of TMPI and provides our insureds reliance on the safety and financial stability of our programs”.
The Calvo’s SelectCare Health Plan provides health insurance solutions to more than 37,000 members in the Government of Guam, the Federal Government, and private employers on Guam, the CNMI, and Palau. Nanbo Guam Ltd. and Pacifica Insurance Underwriters, Inc. provide auto, homeowners and business insurance to clients on Guam and the CNMI.
A.M. Best is a US-based rating agency headquartered in Oldwick, New Jersey that focuses on the insurance industry. The United States Securities and Exchange Commission and the National Association of Insurance Commissioners have designated the company as a Nationally Recognized Statistical Rating Organization.
“Our insureds on Guam and the CNMI know that they can rely on our company and our general agents, Calvo’s Insurance, Nanbo Insurance, and Pacifica Insurance, to provide excellent service and programs. We are pleased to service our insureds on Guam and the CNMI, and proud of our services and employees on both communities” added Hank Endo.
TMPI employs over 20 local individuals on Guam and has its headquarters above the Nanbo Insurance building in downtown Hagatna.